Shib Coin

Cup and handle pattern can push Elon’s Second Pet Shib Coin by 500%

Shib Coin soared 370% after Elon’s tweet however to complete the pattern Shib Coin might first fall to 0.00001 and then finally rise for a bigger flight.

The live SHIBA INU price today is $0.000031 USD with a 24-hour trading volume of $6,548,517,113. SHIBA INU is up 17.48% in the last 24 hours. The current CoinMarketCap ranking is #15, with a live market cap of $12,339,137,867.

Shib Coin
Source: TradingView

Shib Coin: Technical

Once upon a time, there was a very special dog. That dog was a shiba inu, and this dog inspired millions of people around the world to invest money into tokens with the dog’s image on it. Yeah, that’s a story you probably heard before. shiba inu is a meme coin and calls itself the Dogecoin Killer.

The chart has turned interesting after Elon Musk’s Tweet making a cup shape. The Dogecoin once rose the same and it dropped as the trend faded and so will Shiba Coin considering its use case. The coin has a value and support area of around $0.00001. and once it does, it completes the Cup and Handle Pattern which can trigger the price rally up to 500% by the end of this year.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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